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Country reference

Quick reference for the 12 Latin American countries with full support in 4Geeks Payroll.

Countries and currencies

The 12 preset countries are:

Costa Rica (CR), Mexico (MX), Panama (PA), Colombia (CO), Ecuador (EC), Honduras (HN), El Salvador (SV), Guatemala (GT), Uruguay (UY), Paraguay (PY), Chile (CL) and Peru (PE).

Supported currencies: USD, CRC, MXN, GBP, PAB, COP, HNL, GTQ, UYU, PYG, CLP, PEN.

Other countries can be stored on a record but have no tax preset, vacation accrual or aguinaldo rule.

Social-security contributions

Total rates by country (see Tax & Compliance for the line items):

Country Employee Employer
Costa Rica 10.83% 26.83%
Mexico 2.295% 18.275%
Panama 9.00% 18.35%
Colombia 8.00% 30.02%
Ecuador 7.20% 22.48%
Honduras 3.50% 9.50%
El Salvador 10.25% 9.75%
Guatemala 4.83% 14.67%
Uruguay 18.00% 14.50%
Paraguay 9.00% 23.80%
Chile 20.20% 10.30%
Peru 12.50% 10.15%

Overtime

Country Rule
Costa Rica, Guatemala, Chile 1.5×
Peru 1.25× first 2 h/day, 1.35× beyond
Mexico 2× first 9 h/week, 3× beyond
Panama 1.25× day / 1.5× night / 1.75× extension
Honduras 1.25× day / 1.5× night / 1.75× extension
Colombia 1.25× day / 1.75× night
Ecuador 2× weekends/holidays and 00:00–06:00, else 1.5×
El Salvador 2× day / 2.25× night
Uruguay 2× business days / 2.5× Sundays and holidays
Paraguay 1.5× day / 2.6× night
Other 1.5×

Night differentials

Country Rate Applies to
Costa Rica 15% All
Mexico 25% All
Panama 25% All
Colombia 35% / 75% Regular / Overtime
Ecuador 25% All
Honduras 25% All
El Salvador 50% Overtime
Guatemala 50% All
Uruguay 25% All
Paraguay 50% Overtime
Chile 50% Overtime
Peru 35% / 50% All / Overtime

Vacation days

Country Annual days
Costa Rica 15
Mexico 12 → 32 (by years of service)
Panama 30
Colombia 15
Ecuador 15
Honduras 10
El Salvador 15
Guatemala 15
Uruguay 20
Paraguay 30
Chile 15
Peru 30

Aguinaldo

Country Name Benefit year
Costa Rica Aguinaldo Dec 1 → Nov 30
Mexico Aguinaldo Dec 1 → Nov 30
Panama Décimo Tercer Mes Dec 1 → Nov 30
Colombia Prima de Servicios Oct 1 → Sep 30
Ecuador Décimo Tercer Mes Dec 1 → Nov 30
Honduras Bonificación Decimotercera Dec 1 → Nov 30
El Salvador Aguinaldo Dec 1 → Nov 30
Guatemala Aguinaldo Dec 1 → Nov 30
Uruguay Aguinaldo Dec 1 → Nov 30
Paraguay Aguinaldo Dec 1 → Nov 30
Chile Gratificación Legal Dec 1 → Nov 30
Peru Gratificación Dec 1 → Nov 30

Severance

Severance is calculated by the termination engine for the 12 preset countries. Terminations with just cause and voluntary resignations do not generate statutory severance; the amount depends on the country’s formula (for example, Costa Rica uses one month of salary per year of service up to a cap; Mexico uses three months of integrated salary plus 20 days per year and a seniority premium; Peru uses 1.5 months per year). The termination modal always shows the itemized preview before you confirm.


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